Credit Suisse’s Brazilian Hedge Fund Honcho Seeks Own Unit

Sep 27 2010 | 3:12pm ET

A Brazilian Credit Suisse hedge fund manager is pushing to launch his own money management firm under the Swiss bank’s aegis.

Luis Stuhlberger is in talks with Credit Suisse to establish an independent fund management group within the firm, Valor Economico reports. Stuhlberger manages Credit Suisse’s Hedging-Griffo Fundo Verde, Brazil’s largest hedge fund with nearly US$6 billion in assets under management.

Stuhlberger reportedly wishes to be more vocal, without harming Credit Suisse’s image, according to the newspaper. His recent remarks on the country’s economic policies have caused concern at Credit Suisse, which has a large investment banking business in Brazil.

“There are talks about a new work arrangement with Credit Suisse, but nothing outside the bank,” Stuhlberger told Valor Economico. Stuhlberger’s non-compete agreement with the bank runs through 2015.

Credit Suisse currently owns half of Hedging-Griffo and is set to buy the rest at the end of next year.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note